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A five-room flat in Sengkang just sold past the million-dollar mark — and the old argument is back
Once a figure reserved for mature central estates, the seven-digit HDB resale is creeping into the newer towns. What it signals is contested; what it does to young buyers’ nerves is not.
The million-dollar flat used to be a curiosity confined to a few prized central addresses. Its arrival in a non-mature outer estate is the part that has people talking — not because one transaction sets a market, but because of what it suggests about where the floor is heading for everyone behind it.
Property analysts caution against reading too much into a single record. These flats tend to be large, high-floor, lease-fresh and unusually well located within their town, a combination that does not describe the typical resale. The average flat in the same estate trades far below the headline figure, and the median is the number that matters to most buyers.
Still, the symbolism lands. For a young couple weighing a resale against the wait for a new build, the ceiling moving up is unsettling even if the floor has not. The policy response — grants, supply, cooling measures — is the slow lever; the anxiety is immediate, and it is the anxiety that drives the conversation.
